Industry News

Wisconsin real estate posts record first quarter

Realtors credit job growth, interest rates

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Housing sales in Wisconsin showed no signs of slowing down, setting yet another first-quarter record and outpacing the Midwest region and the nation as a whole, according to the latest analysis by the Wisconsin Realtors Association. The Realtor association said sales of existing homes in Wisconsin increased 3.5 percent in the first quarter over the same period last year, with a total of 30,525 units sold during the first three months of this year. This growth was certainly better than the Midwest region, which grew at 1.1 percent, and it was well above the nation, which saw home sales fall 2.1 percent during the first quarter of 2006 as compared to the same period last year. "This was a very good quarter for home sales in Wisconsin especially given that we are growing off of record levels of home sales," said WRA Chairman Jeff Kitchen. "Although the quarter started slowly, it picked up steam throughout February and March and finished by setting a record." According to Kitchen, "A rob...